Munjal Auto Industries Ltd
Incorporated in 1985, Munjal Auto Industries Ltd manufactures and sells auto components and designs, develops, tests, and produces various composite molds and products for different industries.[1]
- Market Cap ₹ 821 Cr.
- Current Price ₹ 82.1
- High / Low ₹ 146 / 60.0
- Stock P/E 16.9
- Book Value ₹ 41.1
- Dividend Yield 2.42 %
- ROCE 14.7 %
- ROE 11.6 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 41.6%
- Debtor days have improved from 69.3 to 53.6 days.
Cons
- The company has delivered a poor sales growth of 9.16% over past five years.
- Company has a low return on equity of 8.68% over last 3 years.
- Earnings include an other income of Rs.52.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 1,214 | 1,236 | 2,123 | 1,916 | 1,984 | 1,882 | 1,961 | |
| 1,143 | 1,190 | 2,040 | 1,833 | 1,894 | 1,761 | 1,844 | |
| Operating Profit | 71 | 45 | 83 | 83 | 90 | 120 | 116 |
| OPM % | 6% | 4% | 4% | 4% | 5% | 6% | 6% |
| 3 | 5 | 5 | 5 | 60 | 24 | 53 | |
| Interest | 4 | 12 | 16 | 12 | 27 | 28 | 29 |
| Depreciation | 20 | 32 | 39 | 36 | 53 | 56 | 58 |
| Profit before tax | 49 | 7 | 33 | 41 | 70 | 61 | 82 |
| Tax % | 23% | 44% | 38% | 27% | 27% | 38% | |
| 37 | 4 | 20 | 30 | 52 | 38 | 65 | |
| EPS in Rs | 3.60 | 0.41 | 2.06 | 2.68 | 5.61 | 3.85 | 5.53 |
| Dividend Payout % | 28% | 0% | 0% | 37% | 36% | 52% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | -4% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 30% |
| TTM: | 43% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 18% |
| 3 Years: | 25% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 9% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 277 | 269 | 291 | 317 | 364 | 381 | 391 |
| 47 | 123 | 147 | 116 | 282 | 276 | 302 | |
| 220 | 383 | 405 | 508 | 602 | 527 | 564 | |
| Total Liabilities | 564 | 796 | 862 | 961 | 1,268 | 1,205 | 1,277 |
| 200 | 343 | 303 | 263 | 416 | 399 | 413 | |
| CWIP | 25 | 2 | 1 | 4 | 8 | 9 | 7 |
| Investments | 7 | 21 | 26 | 118 | 104 | 171 | 140 |
| 332 | 430 | 531 | 576 | 740 | 626 | 717 | |
| Total Assets | 564 | 796 | 862 | 961 | 1,268 | 1,205 | 1,277 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 26 | 87 | 59 | 137 | 33 | 127 | |
| -15 | -139 | -14 | -99 | 37 | -77 | |
| -5 | 47 | -45 | -50 | -65 | -53 | |
| Net Cash Flow | 6 | -5 | -0 | -13 | 6 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 49 | 79 | 66 | 74 | 80 | 54 |
| Inventory Days | 30 | 36 | 17 | 26 | 50 | 58 |
| Days Payable | 60 | 110 | 53 | 58 | 76 | 68 |
| Cash Conversion Cycle | 18 | 6 | 30 | 41 | 55 | 44 |
| Working Capital Days | 10 | 9 | 19 | 14 | 26 | 21 |
| ROCE % | 5% | 11% | 11% | 9% | 15% |
Documents
Announcements
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Board Meeting Intimation for Considering Audited Financial Results For The Quarter And Financial Year Ended March 31, 2025 And Dividend If Any
2d - Board meeting on May 28 to approve FY25 results and consider final dividend; trading window closed.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 May - Publication of Postal Ballot Notice in News Paper
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
7 May - Munjal Auto seeks shareholder approval to re-appoint Mrs. Avi Sabavala as Independent Director for 5 years from April 2025.
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Announcement under Regulation 30 (LODR)-Change in Directorate
24 Apr - Reappointment of Mrs. Avi Sabavala as Independent Director for 5 years from April 1, 2025, subject to shareholder approval.
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Board Meeting Outcome for Outcome Of Board Meeting
24 Apr - Reappointment of Mrs. Avi Sabavala as Independent Director for five years from April 1, 2025, subject to shareholder approval.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from nse
Business Overview:[1]
MAIL, part of the Hero Group, is predominantly owned by the Satyanand Munjal family with a 75% equity stake. The company manufactures sheet metal, composites, molds, components, and assemblies for various industries, including automotive, renewable energy, aerospace, defense, space, railways, and other engineering sectors. Key automotive products include exhaust mufflers, fuel tanks, rims, and BIW parts for two and four-wheelers. In the renewable sector, MAIL produces windmill blades, molds, and other wind energy components.